Equities Analysts Increase Earnings Estimates for TD Ameritrade Holding Corp. (NASDAQ:AMTD)

Equities Analysts Increase Earnings Estimates for TD Ameritrade Holding Corp. (NASDAQ:AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Equities researchers at Piper Sandler increased their Q2 2020 earnings per share estimates for shares of TD Ameritrade in a report released on Tuesday, March 10th. Piper Sandler analyst R. Repetto now forecasts that the financial services provider will earn $0.81 per share for the quarter, up from their prior estimate of $0.75. Piper Sandler also issued estimates for TD Ameritrade’s Q3 2020 earnings at $0.66 EPS and FY2020 earnings at $2.83 EPS.

AMTD has been the subject of a number of other reports. Wolfe Research upgraded TD Ameritrade from a “peer perform” rating to an “outperform” rating in a research report on Monday, January 6th. Wells Fargo & Co lowered their price objective on TD Ameritrade from $53.00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. ValuEngine lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James lowered TD Ameritrade from an “outperform” rating to a “market perform” rating in a research report on Monday, December 9th. Finally, Citigroup lowered their price objective on TD Ameritrade from $57.00 to $53.50 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. TD Ameritrade presently has a consensus rating of “Hold” and a consensus price target of $47.85.

Shares of NASDAQ:AMTD opened at $28.68 on Thursday. The business has a fifty day moving average of $45.73 and a 200-day moving average of $45.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $18.38 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.83 and a beta of 1.23. TD Ameritrade has a twelve month low of $28.59 and a twelve month high of $56.37.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). TD Ameritrade had a net margin of 34.26% and a return on equity of 24.24%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The firm’s revenue was down 14.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.24 annualized dividend and a dividend yield of 4.32%. TD Ameritrade’s payout ratio is currently 30.02%.

In other news, CEO Stephen J. Boyle sold 18,180 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $52.25, for a total transaction of $949,905.00. Following the completion of the transaction, the chief executive officer now directly owns 186,522 shares in the company, valued at approximately $9,745,774.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ellen L. S. Koplow sold 17,241 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $52.01, for a total value of $896,704.41. Following the transaction, the executive vice president now owns 104,862 shares of the company’s stock, valued at $5,453,872.62. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of AMTD. IFP Advisors Inc lifted its holdings in shares of TD Ameritrade by 22.1% during the 4th quarter. IFP Advisors Inc now owns 1,138 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 206 shares in the last quarter. JT Stratford LLC lifted its holdings in shares of TD Ameritrade by 6.0% during the 4th quarter. JT Stratford LLC now owns 5,260 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 297 shares in the last quarter. Sun Life Financial INC lifted its holdings in shares of TD Ameritrade by 4.1% during the 4th quarter. Sun Life Financial INC now owns 8,329 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 326 shares in the last quarter. Lafayette Investments Inc. lifted its holdings in shares of TD Ameritrade by 0.8% during the 4th quarter. Lafayette Investments Inc. now owns 46,501 shares of the financial services provider’s stock valued at $2,311,000 after purchasing an additional 385 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of TD Ameritrade by 4.3% during the 4th quarter. Comerica Bank now owns 10,004 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 88.33% of the company’s stock.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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